Q2 STOCKS TO BUY

Apple Stock Inches Higher Ahead of Today's Earnings

AAPL has a mostly negative post-earnings history over the past two years

Deputy Editor
Jul 28, 2022 at 2:43 PM
facebook X logo linkedin


One of the FAANG names reporting earnings this week, Apple Inc (AAPL) is set to announce its second-quarter earnings report after the bell today. The tech giant is expected to post earnings of $1.16 per share, which is slightly lower than last quarter's profits of $1.52 per share. The stock is inching higher ahead of the event, up 0.4% at $157.42 at last check, continuing its path higher from a June 16 one-year low of $129.04. 

Apple stock has a fairly negative post-earnings history, closing six of its last eight post-earnings sessions lower, including at 3.7% drop in April. This time around, the options pits are pricing in a next-day swing of 4.5%, regardless of direction, which is slightly higher than the 4.2% move the stock has averaged over the last two years. 

So far in the options pits today, 447,000 calls and 562,000 puts have exchanged hands. The September 125 and 115 puts are the most popular, with new positions being bought to open at the weekly 7/29 150-strike put, expiring tomorrow. 

It's also worth noting that AAPL's Schaeffer's Volatility Scorecard (SVS) sits at a relatively high 82 out of 100. This means the security has exceeded option traders' volatility expectations over the past year -- a good thing for options buyers.

 
 

“Buy This Stock Now!” - Expert Who Called 11x On TSLA

He called a rare 11x on Tesla…

But now, thanks to Elon & Trump’s new alliance…

He says there’s a new opportunity that could be 1,000x BIGGER than Tesla – and it could completely revolutionize a $23 Trillion market.

It’s trading for less than $5 per share right now…

But it won’t be under the radar for long.

Discover The 1,000x Bigger Elon Opportunity Here

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

👀Learn How Dividends Create Passive Income for Life
Receive $200 Off Motley Fool Epic. The Motley Fool Epic $299 discounted offer is based on $499/year list price. Introductory promotion for new members only. Take control of your money and your portfolio with Motley Fool Epic.

💵New Income System Could Pay You $4,243 Monthly
You could collect an average of $4,243 per month starting as early as next week with a new payout system for income investors. New registrations are being accepted for investors who want to be in a position to start with their first payout next week.

🚀Easy 92% Crypto Dividends (No Coins Required)
COIN stock doesn't pay a dividend... But there's actually a new way to collect a massive dividend that's indirectly based on the stock and offers a terrific monthly income (currently yielding nearly 92% on a forward basis).

🤝Free Advisor Match with Wiseradvisor.com
Don't leave your retirement to chance! Get matched with a trusted financial expert for FREE and make the most of your tax refund. Get started now.

⚠️Dennis Quaid's #1 Warning for Americans
Here's the thing: life doesn't come with guarantees. The economy shifts, markets stumble, and years of hard work could slip through your fingers like sand. But it doesn't have to be that way for you. So request a free copy of this Gold & Silver Guide that will arrive right to your doorstep when you act now.

 

 
 

Follow us on X, Follow us on Twitter